---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-26-008063"
form_type: "8-K"
ticker: "MARA"
cik: "0001507605"
company_name: "MARA Holdings, Inc."
filed_at: "2026-02-25T23:59:59+00:00"
generated_at: "2026-05-16T00:15:32.262064+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# MARA adopts new RSU/PSU agreements tying executive pay to megawatt capacity and recurring revenue

## Summary
- RSUs vest over 11 quarterly installments from April 2026 to Dec 2028, subject to continued employment.
- PSUs tied to FY2026 metrics: Economic Triad Megawatt Capacity and Annual Recurring Revenues; payout up to 249% of target.
- Earned PSUs: 1/3 settles after certification, remaining 2/3 vest in two annual installments on anniversaries.
- Relative TSR modifier over 3-year period (2026-2028) adjusts payout; aggregate LTIP payout capped at 200% of target.
- Change in control: unvested PSUs treated like RSUs with performance deemed at target.

## SEC filing metadata
- accession: 0001493152-26-008063
- form_type: 8-K
- ticker: MARA
- cik: 0001507605
- company_name: MARA Holdings, Inc.
- filed_at: 2026-02-25T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1507605/000149315226008063/0001493152-26-008063-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1507605/000149315226008063/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-26-008063
- JSON: https://secwatch.observer/filing/0001493152-26-008063.json
- Plain text: https://secwatch.observer/filing/0001493152-26-008063.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.